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The annual rate of inflation fell to 3.3% in May, after reaching 4.1% in April as households booked their summer holidays, national statistics agency CBS said on Tuesday.
Despite the fall, inflation has been above 3% for more than a year and is well above the 2% which economists say is best for a healthy economy.
Prices in the Netherlands are also rising faster than the European average of 2.4%. Calculated according to European methods, which do not include the impact of rental housing, the Dutch inflation rate was 3%.
Food price rises are the main motor behind the high rate of inflation and the cost of energy continues to decline, the CBS said.
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The annual rate of inflation fell to 3.3% in May, after reaching 4.1% in April as households booked their summer holidays, national statistics agency CBS said on Tuesday.
Despite the fall, inflation has been above 3% for more than a year and is well above the 2% which economists say is best for a healthy economy.
Prices in the Netherlands are also rising faster than the European average of 2.4%. Calculated according to European methods, which do not include the impact of rental housing, the Dutch inflation rate was 3%.
Food price rises are the main motor behind the high rate of inflation and the cost of energy continues to decline, the CBS said.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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